Consolidated Water: 2Q Earnings Snapshot
GRAND CAYMAN, Cayman Islands (AP) _ Consolidated Water Co. (CWCO) on Friday reported a second-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had a loss of 7 cents. Earnings, adjusted for asset impairment costs, were 13 cents per share.
The developer and operator of desalination plants posted revenue of $19.1 million in the period.
Consolidated Water shares have dropped 23% since the beginning of the year. In the final minutes of trading on Friday, shares hit $12.59, a decrease of 12% in the last 12 months.